Another One of Those Hikes that Mark a Short-Term Top

Comment on the July 25 post: Prices did get down to $3.09 or lower in many places, before resetting to $3.29 on Monday, August 2. Hopefully drivers filled up close to $3.09 last week, as suggested.

Thursday, August 5, 2021, 4PM: Last Thursday, oil prices rose to $73.62 a barrel, which I think started the process that led to Monday’s hike. After the hike, though, we were down to about $68. This kind of dynamic happens a lot, but it ought to keep prices at bay. In fact, it looks like we have a gas skirmish on Alpine Avenue, north of Grand Rapids. Going into the weekend, we’ll see prices starting to drop from $3.29, but perhaps not too quickly. I don’t see a hike on the horizon for the next several days. -EA

Updated: August 5, 2021 — 3:42 pm

3 Comments

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  1. NW Indiana increase to 3.39 led by Family Express, started yesterday.

  2. Primed for a return to $3.49 in Chicagoland tomorrow,

  3. My last prediction was wrong as spot moved opposite RBOB that day. Since then all down hill. $3.49 not likely to surface again this year barring geoolitical or refinery troubles.

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